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 TOP NEWS

Indonesia News Portal for Traders | Financial & Business Updates

20 January 2025 17:01  |

Gold Steady as Markets Brace for Trump Turmoil

Gold steadied ahead of Donald Trump’s inauguration as U.S. president on Monday evening as traders braced for an era that could bring massive tariffs, trade wars and widespread market turmoil.

The precious metal was near $2,710 an ounce, after posting a third weekly gain. Prices were boosted last week by weaker-than-expected U.S. inflation that prompted investors to restart bets on further Federal Reserve interest rate easing this year. Loose monetary policy is usually positive for gold because it does not pay interest.

Source: Bloomberg

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